2024-05-22 Kwanza News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of exchange rates
From the data provided, it is apparent that the exchange rates have remained consistent over the period. The AOA exchange rate has maintained a stable value at 0.00161 for the most extended period, only to slightly decrease to 0.0016 towards the end. It implies that there has been very little fluctuation or volatility in the exchange rates throughout the period.
Seasonality or recurring patterns
Considering the stability of the rates, it's challenging to identify any distinct pattern or seasonality. The exchange rate has remained virtually the same for most of the timestamps, eliminating the possibility of a clear recurring pattern related to specific times of the day, days of the week, or periods of the month.
Outliers
Given the extraordinary stability of the exchange rates in this dataset, the slight decrease to 0.0016 can be considered an outlier. It is the only instance where the exchange rate deviates significantly from the prevailing rate of 0.00161. There aren't any considerable cases of extreme highs or lows in the provided data.
In conclusion, the AOA exchange rates represented in this dataset demonstrate remarkable stability and consistency, with negligible volatility or fluctuation over the period under consideration. It's crucial, however, to note that while helpful, financial data analysis is just one of many tools investors may use in their decision-making process. It is always essential to consider other market factors and employ sound investment strategies.
![Unwavering Stability Marks Dominant Trend in AOA Exchange Rate](http://currencymart.net/images/news/kwanza/2024-05-22/img-G6OalPnR8HoSb7J1ixgaTgz7.webp)